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BPM Minerals Limited (ASX:BPM)

ALERT: Price-sensitive ASX Announcement for BPM
Current share price for BPM : $0.210 0.04 (23.53%)+
Announcement
Release
13 Jul 2026 8:21AM
Price at Release
$0.170
Full Release
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Summary
BPM Minerals Limited has launched a major 20,000m reverse circulation drilling program at its Forelands Gold Project in Western Australia, marking the largest exploration campaign in the company's history. The program consists of a 10,000m resource definition drilling at the Beachcomber Prospect and a 10,000m maiden RC drilling at the Bonnie & Clyde Prospect. The initiative aims to define mineral resources compliant with JORC standards, supported by government grants. The campaign, which will commence in late July 2026, is strategically planned based on thorough preparatory studies including soil sampling and surveys, and targets significant gold anomalies along the Yellow Dam Shear Zone.
Key Points
  • BPM Minerals announces a 20,000m RC drilling campaign at the Forelands Gold Project.
  • The drilling includes a 10,000m resource definition program at Beachcomber and a 10,000m maiden RC drilling at Bonnie & Clyde.
  • The Beachcomber program aims to establish a JORC-compliant Mineral Resource Estimate.
  • Drilling at Beachcomber is supported by the WA Government’s Exploration Incentive Scheme.
  • Bonnie & Clyde targets a 6km gold-in-soil anomaly linked to the Yellow Dam Shear Zone.
  • The campaign follows preparatory work like soil sampling, magnetic surveys, and heritage assessment.
  • BPM expects to commence drilling in late July 2026 and continue through August 2026.
  • The company's exploration is backed by experienced geologists and strategic location benefits.
  • Final drilling approvals from the Department of Mines are anticipated shortly.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.